National Pension Service Purchases 46,297 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

National Pension Service increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,271,244 shares of the company’s stock after acquiring an additional 46,297 shares during the period. National Pension Service owned about 0.17% of Mondelez International worth $164,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MDLZ. Barclays PLC boosted its position in Mondelez International by 48.8% during the third quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock worth $343,411,000 after purchasing an additional 1,623,588 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Mondelez International by 44.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock worth $261,370,000 after buying an additional 1,159,900 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Mondelez International in the 3rd quarter valued at approximately $71,311,000. Envestnet Asset Management Inc. raised its holdings in Mondelez International by 38.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock valued at $226,531,000 after acquiring an additional 900,445 shares during the period. Finally, Burgundy Asset Management Ltd. lifted its position in shares of Mondelez International by 52.7% during the third quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock worth $168,660,000 after acquiring an additional 838,651 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on MDLZ shares. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, Sanford C. Bernstein increased their target price on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Trading Down 0.6 %

Shares of NASDAQ:MDLZ traded down $0.46 during trading on Wednesday, reaching $70.43. 6,514,857 shares of the company traded hands, compared to its average volume of 7,905,893. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.54. The business’s fifty day moving average is $70.10 and its 200-day moving average is $71.10. The firm has a market capitalization of $94.83 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.47 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. As a group, analysts forecast that Mondelez International, Inc. will post 3.5 EPS for the current year.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.